26 Merthyr Road, Whitchurch, Cardiff CF14 1DU Peter Alan

For Sale

26 Merthyr Road, Whitchurch, Cardiff CF14 1DU Peter Alan

For Sale

Town

Cardiff

Price / Rent

£325,000

Description

26 Merthyr Road is situated within the prime retail pitch of Whitchurch Village – between Iceland and Coral.  Whitchurch Village is an affluent, historic suburb of Cardiff – situated 1 mile north-west of the city centre.  Merthyr Road is a busy suburban retail street where other occupiers include Co-op, Boots, Greggs, Principality Building Society, Coffee #1, Dominos, Lloyds Bank and Tesco – as well as a range of independent retailers and food / leisure outlets.  This creates a vibrant mix that is popular with local residents.

The property, which benefits from a large car park at the rear, comprises an attractive 2 storey period building occupied by Peter Alan Estate Agents.  With retail on the ground and offices above.  There is a small single storey extension at the rear housing staff areas.

The entire property is let to Peter Alan Limited on a new 5 year lease from 25th December 2022 at a rent of £22,750 per annum.  The lease is drawn on FRI terms.

The property is freehold and we have been instructed to seek Offers in the Region of £325,000 (Three Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT.  A purchase at this level reflects a Net Initial Yield of 6.78%, based on purchaser’s costs of 3.26%.

For further information or to view this property please contact:-

Dan Griffiths / Philip Gwyther

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